P.S. Rated-D, you forgot on your list - Charge all gate services and fuel charges to the parent company...
If one takes a step back and ponders.
At privatisation QF enjoyed the youngest fleet in IATA at 6.3 years.
It had a new fleet, a simple fleet.
Despite the fossil, Leigh Clifford's protests against the Air New Zealand bailout Qantas itself benefitted from taxpayer largess to the tune of (in 1992 dollars) $1.35 billion.
Instead of levering all that advantage they squandered it.
They did have the stupidity of airport privatisation; private airports and open skies dumped capacity. Is it any wonder Max Moore-Wilton went straight from PM Howard's office to Sydney Airport?
What they chose to do was 'buy' a consultants view of the airline industry.
The Growth share Matrix, pitched by Boston Consulting Group (BCG) developed by Henderson is probably in part the rationale for Jetstar.
Conceptually simple and with zero interest on whether it works, Qantas went head long into growing the 'star' at the expense of the 'dog' funded by the cash cow',. The reader can pick which tag applied to which segment.
The problem with idiots like Boston Consulting Group is hidden in plain sight; their name 'consulting' They care little in the success as they are paid anyway.
In comes Bruce Buchanan from BCG, charged with, despite having no idea of much other than accounting, with being an airline CEO. The timing coincident with the appointment of Little Napoleon.
In a very short space of time Bruce realised that it wasn't viable and told the board so.
Dispatched by Little Napoleon replaced with another accountant and consultant, Jayne (Carla) Hrdlicka became the CEO, now gone replaced with another accountant. See the theme?
Meanwhile in all probability the materiality threshold has grown as a rapidly growing 'star' Jetstar acquired more aircraft, meaning the parent needed to fit more of the bill.
Yes, the Board are a disgrace and the disconnection with the front line magnifies while they try and justify selling catering and the previously owned Sydney Termininal etc
If one spends time actually investigating the source of profit for Qantas it is apparent that the source of profit is supplemented by selling the silverware. The buildings in Coward Street, the long term and favourable terminal leases and more latterly the catering business.
Little Napoleon has made himself a wealthy man and considering his history that is an achievement, but for someone who would have been very reliant on a community in a very poor part of Ireland, to leave the community of an airline in far worse shape when he leaves is testament to a character ridiculed with personal inadequacy.
Mr Goyder if you read this, Qantas need a broom through the place, starting at the board room and executive management suites.
Qantas need a new fleet.